Once your farm is live and producing solar electricity, you will begin to see monthly reductions in your utility bills based on the amount of solar energy your portion of the solar farm generates. The credits are valued by the utility and will look different depending on your service territory. To help guide you, we have provided graphics below. Please note that your credit amounts will vary monthly, and these are only examples.
If you are serviced by Xcel Energy, your solar credits will be listed under the "Other Recurring Charge Details" section. It will include a summary of Production Credits and the Solar Production Period.
The design of the program is that you receive credits for the monetary value of what your portion of the solar farm has generated each month. Our solar credits have the potential to offset all costs associated with your Xcel bill. However, always make sure to check if there are remaining expenses due to your utility since solar generation and your electricity usage can vary greatly throughout the year. Any excess solar credits accumulated from months prior will display as a negative total due on your utility account.
Credits are applied to your utility account on the 9th of every month. If you are billed prior to the 9th of the month, you will see that month’s credits on the next month’s utility bill or you can view them on your online account with Xcel.
If Nexamp is actively billing you for solar credits and you would like to learn more, please watch the video.